8800 Compton Ave Los Angeles, CA 90002

Property Details for 8800 Compton Ave

Year built

1926

Property size

1,864 SF

Property type

Commercial real estate

APN

6044-004-001

Description

This Los Angeles multifamily investment opportunity presents a fully vacant, three-unit apartment building with significant value-add potential. The property, located at 8800 Compton Ave, comprises two structures totaling 1,864 square feet on a 6,047 square foot lot zoned LCC3. Built in 1926, the property includes two one-bedroom units in a front duplex and a rear commercial building, previously used as a church, suitable for conversion into additional ADUs. Currently vacant, this presents an opportunity to reposition the property, re-rent the existing units, or convert the commercial space, potentially increasing the unit count and achieving a 10%+ cap rate. The property boasts a current NOI of $83,926, an asking price of $749,000, and an 11.21% cap rate. Its prime location offers convenient access to public transportation, including bus stops and the Firestone Light Rail Station, and is near various local businesses. The property's strong potential for increased NOI and appreciation makes it an attractive investment opportunity in a growing Los Angeles neighborhood. The property features alley access and street frontage on Compton Ave and E 88th St. This is a rare opportunity to acquire a fully vacant property in a desirable location with the potential for significant returns.